IIP: India’s industrial production growth, grew at 4.8% during January as compared to 7.8% in December last year

According to the quick estimates of the Index of Industrial Production (IIP), India’s industrial production growth grew at 4.8% year-on-year during January, as compared to 7.8% in December last year. Sectorally, the slump was driven by the manufacturing sector, which grew at 4.8% in January as compared to 8.1% in December. Similarly, Mining grew by 4.3% compared with 6.8%, and Electricity Generation growth also eased to 5.1% from 6.3% in the same period.